Do you remember learning about convex vs. concave? Which is which? If you have trouble remembering, and are frustrated, go punch a piece of sheet metal… see that indentation? How the sheet is now “CAVEd” in? There you go… conCAVE when it goes in, conVEX when it comes out… like the VEXed expression on the face of the guy on the other side of that sheet, wondering why you did that.
Now that we’re clear on that, let’s look at this new colourful graph I’ve thrown in today… the one on the bottomright. You’ll notice it has three convex lines, a thicker blue one that’s a bit of both, and only one concave one – the thick red Canada line.
Much like the Canada line that runs from downtown to the airport, this one also took a while… and was expensive in its own way… but well worth it in the long run.
This particular Canada line tells a few interesting stories. The first thing that pops out is how ridiculously steep it is in recent months, compared to the others. That’s what happens with a lot of pent-up demand; in fact, you have to wonder if the fact it took so long to hit 5th-gear with our rollout is now contributing to its continuing momentum. Would we have wanted it so badly if it were so easy to get…? Brilliant psychological trick, if that’s what they pulled on us. Either way, it’s showing no signs of slowing down.
The best thing it indicates – exactly what the others don’t – is that we’ve not yet reached the end of the “low-hanging fruit”. We’re still injecting as much of the stuff as is made available, but let’s not fool ourselves; we’re going to plateau at some point, and we will start to look like that thick blue American line… concave to start as demand outweighed supply… followed by that flattening… which is also evident in the three other countries I threw in there; Israel, the UK and Chile. Those three were the world leaders in vaccinations… but once the fanfare wore off and the low-hanging fruit was picked… now it gets more difficult. In the last two months, we’ve gone from 14% to 59%. Israel has gone from 61% to 63%. It’s not difficult to see where the momentum is. Those three countries have entered the post-low-hanging-fruit phase and are entering the vaccine-hesitant phase.
To be clear, nobody is getting to 100%… even here. There’s a solid 10% to 15% of ardent anti-vaxxers in Canada who’d rather get Covid-19 than admit they’re wrong, and nothing will change their mind… so forget about them. That number is higher in other places, and inter-mingles with the vaccine hesitant crowd. Looking at that graph, you’d have to assume a global number of around 65% “yes for sure” vs a sliding scale of 35% that ranges from “yeah, soon, eventually, I will probably…” to “never”.
While it’s impossible to know exactly who any of these lines will eventually shape out, there’s no doubt that Canada will go crashing into first place if current trends continue. Assuming the vast majority of people who get that first does eventually get the second one as well, while it took us a while to get there, we may end up in better shape than anyone else. Doesn’t matter through which sort of lens you use to look at that – convex/concave… whatever… it’s looking good.